Quote:
Originally Posted by Chico23231
Bro, you know it’s not all about interest rates, I guess that’s why you keep hounding on it because it thinks it gives out. Regulatory, federal spending are a massive portion inflation. And you know the Treasury department (Biden run) works alongside with the Fed in tackling economic headwinds. So keep thinking Biden administration has nothing to do with rates, they are certainly a strong voice in advising the board.
This is solely a Biden and democrat trash economy they are responsible for…recession is here and stagflation is coming
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Real political talk ... this inflation/recession thing is complicated. Smart people articles say its dumb to spend, smart people articles say the last water downed bill didnt work enough and at most was neutral bc it didnt spend enough
1. We SHOULD be able to agree that there is global inflation
2. US inflation eased a bit in October
3. Costs of goods are still inching up
Solutions? Nothing good, just hang on, try to massage the economy and wait a few years for things to settle back to normal .. assuming we dont have another global catastrophe waiting for us in 2023
I dont pretend to understand this stuff ... just lurking waiting to pick up some good stocks on the dip.